Submission of Audited Standalone and Consolidated Financial Results for the Quarter and Financial year ended March 31, 2026
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SMT Engineering Ltd reported strong growth for FY 2026 with consolidated revenue jumping to Rs 16,223.85 Lacs from Rs 2,101.85 Lacs in FY 2025, representing 672% year-over-year growth. Consolidated profit after tax surged to Rs 2,308.02 Lacs from Rs 234.52 Lacs, marking 884% PAT growth. EPS improved to Rs 13.80 per share from Rs 6.35. However, operating cash flow turned sharply negative at Rs 4,824.66 Lacs (vs negative Rs 870.50 Lacs in FY25), indicating significant cash burn despite profitability. Trade receivables nearly doubled to Rs 4,773.88 Lacs and inventories rose 59% to Rs 10,702.76 Lacs. The company raised Rs 34.87 Crores via preferential share issuance and expanded capital work-in-progress to Rs 2,128.09 Lacs. Auditors issued unmodified opinions on both standalone and consolidated results.
While the company shows exceptional revenue and profit growth, the sharp deterioration in operating cash flow and doubling of receivables raises concerns about working capital management and cash conversion. The significant equity raise provides liquidity buffer but doesn't address underlying cash burn from operations.